by Paul Brindley | Feb 22, 2021 | Administration, Advice to Directors, CVLs
A few months ago the order of payout in insolvencies changed. THE OLD RULES Where an insolvency started off before 1 December 2020, the order of payout (ignoring moratoria as so few are done) was: Creditors with a fixed charge; The expenses, then fees, of the...
by Paul Brindley | Jan 23, 2021 | Administration, Advice to Directors, Alternatives to formal insolvency, CVLs, MVLs
If you want to pay to liquidate your company using your personal Bitcoin, Ethereum or other crypto holding, I will accept crypto payments from you, whether it’s a solvent or insolvent liquidation you are looking for. There is, as far as I’m aware, no other...
by Paul Brindley | Jan 11, 2021 | CVLs, Director Disqualification, Ethics & Regulation, Upsettable Transactions
A few days ago the legal case ‘Cage Consultants Limited v Iqbal & Iqbal’ was reported, a quite interesting case in which the liquidator of the company sold his claims against the directors of a company, where the directors argued that the assignee...
by Paul Brindley | Oct 27, 2020 | Advice to Directors, CVLs, Director Disqualification, Upsettable Transactions
In Mid October (2020) the court handed down another salutary lesson to directors of small companies who: Take a low salary and top up their pay package with dividends Fail to finalise / lodge their annual accounts and prepare all the necessary paperwork authorising...
by Paul Brindley | Oct 7, 2020 | Administration, Advice to Directors, CVLs
This blog follows on from my earlier blog, of November 2019, click here to go to it for a summary of the position then. In late September 2020 HMRC issued some guidance which sets out when they will hold end users liable for unpaid IR35 tax where the intermediary...
